Eshraq Properties profit jumps 23% to Dh308.6m

Abu Dhabi-based Eshraq Properties Board of Directors has proposed cash and share dividends for 2013.

A statement send to Abu Dhabi Stock Exchange said that the board has proposed 10 per cent bonus share and five per cent cash dividend for the financial year ended on December 31, 2013.

The company will also call Annual General Meeting (AGM) on April 23 but in absence of quorum the company’s AGM will be held again on April 30.

The company also announced net profit of Dh308.6 million for the 2013 financial year as compared to Dh285.7 million in the previous year – registering an increase of nearly 23 per cent.

The company’s revenues increased from Dh568.6 million in 2012 to Dh716.6 million in 2013.

The company’s earnings per share jumped to Dh0.212 last year as compared to Dh0.19 in the previous year.

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